Price Trends

As of August 11, the average price of 85% industrial thermal phosphoric acid in China was 6,710 CNY/ton, an increase of 0.30% from last week. In terms of the market, quotations in various regions have risen slightly; in terms of costs, the price of yellow phosphorus is strong but is expected to ease later. It is expected that the phosphoric acid market will fluctuate narrowly in the short term.

• Phosphoric acid price
• market analysis
• cost support
• future market forecast

Recently, the price of formic acid in China has risen rapidly As of August 11, the benchmark price for 85% industrial-grade formic acid reached 3,550 CNY per ton, an increase of 3296% from the beginning of the month The limited supply from major producers has led to a tight market and low inventory levels Domestic demand is weak, but foreign demand is strong, with export orders already scheduled until September

• Formic acid price
• supply reduction
• export demand
• tight supply and demand

This week, the acrylic acid and its esters market in East China has been consolidating weakly, with prices generally declining slightly. The demand side is weak, and the terminal purchasing willingness is low, leading to a light trading atmosphere. On the supply side, the price of propylene has risen slightly, but trading remains weak. It is expected that the market will continue to maintain a narrow range fluctuation pattern in the short term.

• Acrylic market
• weak demand
• price decline
• supply-demand game

This week, the price of titanium dioxide in China decreased by 1.17%, from 13,640 CNY per ton on Monday to 13,480 CNY per ton on Friday. The market is in the off-season, leading to weak demand, high production costs, and significant inventory pressure. End-users are cautious about stocking up, and new orders are limited. It is expected that the market will maintain a weak and stable trend in the short term.

• Titanium dioxide price
• market analysis
• price reduction
• inventory pressure

This week, the Chinese phenol market was generally stable with slight fluctuations. Prices in East China decreased from 6,643 CNY/ton to 6,603 CNY/ton, a decrease of 0.6%. Despite support from the cost side, the willingness to purchase at the terminal end was low, and market transactions were light. It is expected that the market will remain largely stable with minor movements next week.

• Phenol market
• price fluctuation
• supply and demand situation
• cost support

This week (Aug 4-8), the spot market price of PVC fluctuated narrowly, with the average price of calcium carbide method SG-5 type at 4,780 CNY/ton, a slight increase of 0.61% within the week. The fundamentals lack positive factors, with a loose supply and demand situation and insufficient downstream demand. The calcium carbide market showed a slight recovery, but the support was limited. It is expected that the PVC price will still maintain a range adjustment next week.

• PVC prices
• range-bound fluctuations
• supply-demand fundamentals
• calcium carbide market

This week, the price of sodium metabisulfite in China remained stable, with the average price of industrial-grade products maintained at 1943 CNY per ton. The price of upstream raw material soda ash slightly decreased, while the price of sulfur increased. Downstream demand remained steady. It is expected that the market price will mainly fluctuate in the short term.

• Sodium metabisulfite
• stable price
• market trend
• raw material price fluctuation

In early August, the prices of gasoline and diesel from Shandong independent refineries declined, with 92# gasoline and 0# diesel falling by 1.05% and 1.59%, respectively. Due to OPEC+ increasing production and negative global macroeconomic data, crude oil prices came under pressure, leading to a weakening of the Chinese refined oil market. Despite little change in the operating rates of independent refineries, weak demand has caused the gasoline and diesel market to remain sluggish.

• Crude oil prices declined
• refined oil market weakened
• Shandong local refineries' gasoline and diesel demand decreased.

This week, the Chinese epoxy propane market experienced a downward fluctuation, with the benchmark price dropping to 7633.33 CNY/ton, a decrease of 3.98%. Despite a 0.27% increase in the price of propylene, the rise in supply and weak demand led to the price decline. It is expected that the market will maintain a consolidation operation in the short term.

• Propylene oxide
• market analysis
• price trend
• supply and demand relationship

This week, phthalic anhydride prices fluctuated and declined, with a price decrease of 150%, quoted at 6,550 CNY per ton Under the combined influence of cost reduction, ample supply, and recovering demand, phthalic anhydride prices are under pressure The price of ortho-xylene dropped to 6,600 CNY per ton, a decrease of 286% DOP production load increased by 3%, but DOP prices still fell by 153%

• Phthalic anhydride prices
• cost reduction
• supply decrease
• demand recovery

This week, the activated carbon price remained stable at 12866 CNY/ton The factory price of coconut shell activated carbon for water purification in China maintained at 9000-13000 CNY/ton, with prices consolidating at high levels due to insufficient coconut supply and growing demand in the Asian market Internationally, natural disasters in Southeast Asia have led to a reduction in coconut shell production and an increase in transportation costs, further pushing up production costs

• Activated carbon price
• market analysis
• demand for environmentally friendly materials
• impact of natural disasters

This week, the isopropanol market price in China decreased from 5883.33 CNY/ton at the beginning of the week to 5783.33 CNY/ton at the end of the week, a decrease of 1.7%. The price of the upstream raw material acetone has decreased, and the market demand is weak, with cautious transactions. It is expected that the market will mainly be characterized by observation and weak stability in the short term.

• Isopropanol prices
• market decline
• weak demand
• limited cost support

This week, the Chinese acetone market saw a slight decline, with prices in the East China region falling from 4820 CNY/ton to 4730 CNY/ton, a price decrease of 1.87%. Sinopec's listed price was reduced to 4800 CNY/ton, and the operating rate of phenol and acetone plants increased to 75%, leading to increased pressure on sales. The mainstream market prices across China all decreased to varying degrees, with limited actual transaction volumes.

• acetone market
• price decline
• chemical market
• Sinopec enterprises

From August 4th to 8th, the price of MTBE increased from 5,030 CNY/ton to 5,120 CNY/ton, a price increase of 1.79%. The Chinese MTBE market remained firm, with some manufacturers' exports supporting the prices. Although crude oil prices fell and demand was weak, the supply situation was favorable. It is expected that the MTBE market will remain firm and stable in the future.

• MTBE market
• price trend
• cost analysis
• demand analysis

This week, the market price of Aniline in China increased from 7,550 CNY/ton on August 3 to 7,775 CNY/ton on August 8, a price increase of 2.98%. In Shandong, after manufacturers raised prices due to low inventory, there was a slight decline. The cost of benzene decreased slightly, and the supply is ample. It is expected that the Aniline market in China will maintain a stable operation in the short term.

• Aniline price
• market analysis
• chemical raw materials
• price increase

This week, the urea market price in China weakened and fell, with the average market reference price dropping from 1812 CNY/ton to 1792 CNY/ton, a price decrease of 1.10%. The decline in urea futures prices led to a weaker spot market, with ample supply and weak demand. It is expected that urea prices will continue to consolidate at a lower level in the short term.

• Urea market
• price decline
• supply and demand situation
• future market forecast

From August 4th to 7th, the price of ethanol in China fell to 5,660 CNY/ton, with limited market transactions. The cost and demand aspects are bearish, while the supply aspect has mixed effects. In the short term, the ethanol market is expected to continue to operate weakly.

• Ethanol market
• price decline
• weakened demand
• supply changes

This week, some acrylonitrile plants in East China reduced their load, temporarily decreasing supply and alleviating the pressure of oversupply The contract demand from major downstream factories remains stable, and key manufacturers continue to hold prices firm However, overall supply is still ample, and purchasing interest from smaller downstream players is weak Propylene prices are fluctuating at low levels, and production losses have improved

• Supply reduction
• acrylonitrile market
• price fluctuation
• stable demand

This week, the styrene market in China showed a fluctuating upward trend. The average price at the beginning of the week was 7,610 CNY/ton, and by the end of the week, it had risen to 7,630 CNY/ton, with a price increase of 0.26%.

• Styrene
• Market Analysis
• Price Fluctuations
• Chemical Products

This week, the TDI market in East China operated at a high level with an average price of 16,666 CNY/ton, up 182% year-on-year Supply remains tight, and downstream market participants show low enthusiasm for entering the market, with only rigid demand providing support Major plants in Hebei and Shanghai plan to temporarily shut down for maintenance, further exacerbating the supply shortage

• TDI market
• tight supply
• high prices
• cautious downstream demand